What's Happening?
John Borshoff, a veteran in the uranium industry, will step down as Managing Director and CEO of Deep Yellow, effective October 20, 2025. Borshoff, who has been with the company since 2016, will remain as an adviser until the end of November to ensure
a smooth transition. Under his leadership, Deep Yellow transformed from a junior explorer to a company poised to become a multi-asset uranium producer. The company is conducting a global search for his successor, with CFO Craig Barnes stepping in as acting CEO. Nonexecutive chair Chris Salisbury will temporarily assume an executive chair role to support the transition.
Why It's Important?
Borshoff's departure marks a significant leadership change for Deep Yellow, a key player in the uranium sector. His contributions to the industry, including founding Paladin Energy, have been influential in promoting nuclear energy as part of global decarbonization efforts. The transition comes at a critical time as Deep Yellow advances its strategy to become a global uranium producer, with major projects underway in Namibia and Australia. The leadership change could impact the company's strategic direction and investor confidence.
What's Next?
Deep Yellow is expected to announce Borshoff's successor following the completion of the global search. The company will continue to focus on its flagship Tumas project in Namibia and other key projects. The transition period will be closely watched by industry stakeholders and investors, as the new leadership will play a crucial role in steering the company's future growth and project developments.
